Fraud Allegations Rock Shiba Inu: Lead Dev Under Fire

Fraud Allegations Rock Shiba Inu: Lead Dev Under Fire

Shiba Inu’s outstanding lead developer Shytoshi Kusama finds himself on the heart of controversy following a barrage of accusations levied by the account @shibburn on X (previously Twitter). The alleged improprieties—starting from unauthorized mission endorsements to deceptive the group—have reignited debates about transparency and management throughout the in style memecoin ecosystem.

Allegations In opposition to Shiba Inu Lead Developer

In a sequence of pointed posts, @shibburn, broadly considered the most well-liked SHIB burn tracker, criticized Shytoshi Kusama and unnamed associates, describing them as “scammers” and accusing them of manipulating narratives across the SHY token. The account wrote: “Utter ridiculousness from these two scammers. I also see @ShytoshiKusama and his inner circle trying to convince YOU that SHY wasn’t launched by him, that it was the ‘Solana Community.’ In other words they think you’re too stupid and will believe anything they tell you.”

@shibburn additional alleged that Shytoshi Kusama and his friends improperly declare sure initiatives as “official” Shiba Inu initiatives, stating: “These two are not leaders of SHIB, they have no authority to assign any project as ‘Official’ including their own projects.”

In response to @shibburn’s posts, a brand new platform supposed to serve the SHIB group is within the works—one which goals to be “free from misinformation” and with out promotion of any “deceptive projects” tied to Kusama. The account elaborated: “I will be launching something for the community, providing a reliable and secure platform free from misinformation… strictly focused on SHIB, with no promotion of deceptive projects including Shytoshi’s Polygon clone or fake OS… There will be some control to prevent anyone spreading misinformation about these projects.”

The burn tracker additionally singled out particular ventures resembling K9 finance, alleging the mission is deceptive the SHIB group by tying itself to the broader ecosystem: “The same goes to all projects claiming to be ‘Official SHIB projects’ like K9 finance. Whatever you’re promoting is directly tied to the pretend ‘SHIB leader’ @ShytoshiKusama, not to SHIB itself. Stop misleading the community by claiming SHIB’s backing. There are no official IP crossovers involved here.”

The drama unfolded over the previous days amid hypothesis surrounding the SHY token. Whereas Shytoshi Kusama’s high-profile presence typically brings extra scrutiny to new Shiba Inu-adjacent initiatives, the SHIB group has repeatedly emphasised that SHY isn’t a part of the official Shiba Inu token trio (SHIB, BONE, and LEASH) neither is it formally affiliated with the overarching Shiba Inu ecosystem.

Nonetheless, posts on X present that Kusama has engaged with SHY, together with burning half of its provide—tokens allegedly despatched to him through airdrop with out prior discover—additional fueling hypothesis that he could have a extra direct function. Official channels, nonetheless, preserve that SHY isn’t a certified offshoot of the Shiba Inu platform.

Lucie (@LucieSHIB), Shiba Inu’s advertising and marketing lead, provided some readability relating to the SHY token, reiterating that Kusama’s involvement doesn’t equate to formal assist: “SHY didn’t launch anything on Solana—someone just sent him half the supply, and he reacted in his usual way: burning, observing, and then stepping in when things started looking chaotic. Classic Shy move. Then, as the drama unfolded with rogue admins trying to scam their own community.”

When questioned by group members about why SHY was deployed on Solana as an alternative of Shibarium, Lucie highlighted a submit by fellow SHIB group member @Mazrael, who underscored the official Shiba Inu gateway “SHIB.IO is where it’s at.”

These statements seem designed to strengthen the notion that the SHIB ecosystem stays centralized round its core tokens and the nascent Shibarium Layer 2 community, regardless of splinter initiatives claiming affiliations

Notably, this isn’t the primary time @shibburn has confronted Shytoshi Kusama and related initiatives. Simply final week, the burner account declared: “The self-entitled ‘Shib leaders’ and their fraudulent team are now creating pump-and-dump scam tokens of themselves, and using what many considered the ‘main account’ to shill it. What an absolute joke! To those who ignored the warnings… have your eyes finally been opened?”

In one other message, @shibburn expressed disappointment: “Absolute joke! This whole situation is a real bummer. It’s disappointing to see people trying to exploit the community. We can learn from this and move forward with a stronger, more trustworthy community.” To date, Kusama has not publicly addressed these pointed critiques from @shibburn.

At press time, SHIB traded at $0.00001477.

SHIB value, 1-day chart | Supply: SHIBUSDT on TradingView.com

Featured picture created with DALL.E, chart from TradingView.com

Supply hyperlink

bitcoin
Bitcoin (BTC) $ 103,079.62 3.63%
ethereum
Ethereum (ETH) $ 2,348.06 20.61%
tether
Tether (USDT) $ 1.00 0.03%
xrp
XRP (XRP) $ 2.41 9.14%
bnb
BNB (BNB) $ 638.44 3.97%
solana
Solana (SOL) $ 173.65 12.75%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.208379 13.67%
cardano
Cardano (ADA) $ 0.795706 10.65%
tron
TRON (TRX) $ 0.263729 5.10%
staked-ether
Lido Staked Ether (STETH) $ 2,341.80 20.37%
sui
Sui (SUI) $ 4.01 7.24%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 102,994.60 3.42%
chainlink
Chainlink (LINK) $ 16.33 10.01%
avalanche-2
Avalanche (AVAX) $ 23.71 13.26%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,833.71 20.70%
stellar
Stellar (XLM) $ 0.302795 10.62%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 14.53%
hyperliquid
Hyperliquid (HYPE) $ 25.41 17.55%
hedera-hashgraph
Hedera (HBAR) $ 0.202685 9.07%
the-open-network
Toncoin (TON) $ 3.29 5.61%
bitcoin-cash
Bitcoin Cash (BCH) $ 415.34 0.18%
leo-token
LEO Token (LEO) $ 8.74 0.74%
usds
USDS (USDS) $ 1.00 0.00%
litecoin
Litecoin (LTC) $ 98.86 7.39%
polkadot
Polkadot (DOT) $ 4.69 10.22%
weth
WETH (WETH) $ 2,342.43 20.26%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,494.38 19.73%
monero
Monero (XMR) $ 303.95 2.21%
pepe
Pepe (PEPE) $ 0.000013 40.06%
bitget-token
Bitget Token (BGB) $ 4.49 3.51%
pi-network
Pi Network (PI) $ 0.739935 19.47%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.05%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,045.61 3.49%
ethena-usde
Ethena USDe (USDE) $ 0.999373 0.07%
whitebit
WhiteBIT Coin (WBT) $ 30.27 4.04%
uniswap
Uniswap (UNI) $ 6.36 21.93%
bittensor
Bittensor (TAO) $ 431.24 7.73%
aptos
Aptos (APT) $ 5.72 12.37%
near
NEAR Protocol (NEAR) $ 2.93 17.96%
dai
Dai (DAI) $ 1.00 0.05%
ondo-finance
Ondo (ONDO) $ 1.03 11.92%
okb
OKB (OKB) $ 54.10 4.63%
aave
Aave (AAVE) $ 210.71 12.09%
susds
sUSDS (SUSDS) $ 1.05 0.01%
ethereum-classic
Ethereum Classic (ETC) $ 19.21 11.15%
crypto-com-chain
Cronos (CRO) $ 0.100995 5.96%
official-trump
Official Trump (TRUMP) $ 14.30 18.04%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 5.31 9.35%
kaspa
Kaspa (KAS) $ 0.103293 7.92%
gatechain-token
Gate (GT) $ 22.11 3.25%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.91 10.15%
render-token
Render (RENDER) $ 4.98 9.52%
mantle
Mantle (MNT) $ 0.768574 5.20%
vechain
VeChain (VET) $ 0.02976 11.77%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.256605 11.72%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.860888 17.44%
ethena
Ethena (ENA) $ 0.374492 21.68%
cosmos
Cosmos Hub (ATOM) $ 4.89 12.04%
usd1-wlfi
USD1 (USD1) $ 1.01 0.57%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 102,814.55 3.20%
algorand
Algorand (ALGO) $ 0.236357 11.79%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.17 0.20%
filecoin
Filecoin (FIL) $ 3.03 10.10%
sonic-3
Sonic (prev. FTM) (S) $ 0.59079 8.75%
fasttoken
Fasttoken (FTN) $ 4.36 0.24%
celestia
Celestia (TIA) $ 2.89 10.13%
arbitrum
Arbitrum (ARB) $ 0.37924 14.47%
bonk
Bonk (BONK) $ 0.000022 20.16%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.52 6.99%
worldcoin-wld
Worldcoin (WLD) $ 1.14 14.31%
jupiter-exchange-solana
Jupiter (JUP) $ 0.524336 14.73%
first-digital-usd
First Digital USD (FDUSD) $ 0.99994 0.11%
blockstack
Stacks (STX) $ 0.973825 4.85%
maker
Maker (MKR) $ 1,743.99 7.67%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 182.87 12.88%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,348.62 20.22%
kucoin-shares
KuCoin (KCS) $ 11.15 2.91%
fartcoin
Fartcoin (FARTCOIN) $ 1.35 23.11%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,458.47 21.12%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 2.03 25.42%
eos
EOS (EOS) $ 0.853666 0.77%
flare-networks
Flare (FLR) $ 0.019827 2.15%
nexo
NEXO (NEXO) $ 1.28 1.31%
story-2
Story (IP) $ 4.62 14.56%
optimism
Optimism (OP) $ 0.745386 18.36%
sei-network
Sei (SEI) $ 0.237033 12.04%
xdce-crowd-sale
XDC Network (XDC) $ 0.07737 3.00%
immutable-x
Immutable (IMX) $ 0.65786 11.79%
injective-protocol
Injective (INJ) $ 11.90 13.70%
solv-btc
Solv Protocol BTC (SOLVBTC) $ 102,643.50 3.27%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,662.47 20.50%
usdt0
USDT0 (USDT0) $ 0.99901 0.10%
ubtc
uBTC (UBTC) $ 205,452.05 110.69%
the-graph
The Graph (GRT) $ 0.110476 12.90%
curve-dao-token
Curve DAO (CRV) $ 0.777983 6.90%
floki
FLOKI (FLOKI) $ 0.000101 21.20%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.015168 8.17%
msol
Marinade Staked SOL (MSOL) $ 222.28 11.92%
Scroll to Top